Accounting for Decision Making (ACCT90004)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
Semester 2
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This subject provides an introduction in recording economic transactions and understanding how this effects financial information. It explores the skills required to then interpret and utilise this information to critically assess financial statements in a real world decision-making context. It also provides students with the opportunity to learn how to use accounting software and connect that to the recording of economic transactions.

Intended learning outcomes

On successful completion of this subject, students should be able to:

  • Describe the key concepts that underpin the financial statements including assets, liabilities, equity, revenue and expenses;
  • Analyse how the key concepts that underpin the financial statements are determined from the accounting system;
  • Explain how the key concepts that underpin the financial statements can be overstated or understated and the effect that may have on stakeholders making decisions;
  • Interpret the key concepts that underpin the financial statements in different industry contexts to make business decisions; and
  • Critically evaluate real life businesses and historical business decisions they have made based on financial statements.

Generic skills

  • Critically evaluate validity and reasonableness of information presented to them.
  • Develop and improve oral communication skills.
  • Be aware of and discuss the current issues facing businesses.

Last updated: 4 March 2025